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werstlingbum werstlingbum
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Posts: 376
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5 years ago
Fare Jewelry Company is holding goods on consignment from Tomko with a selling price of $2,000,000. Fare is promised a commission of 25% for goods sold.  By the end of 2017 Fare has sold $500,000 of goods. Refer to Fare Jewelry. How much revenue should Fare recognize for 2017 on this transaction?
A) $0
B) $125,000
C) $500,000
D) $2,000,000
Textbook 
Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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dalililah1dalililah1
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#1
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5 years ago
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werstlingbum Author
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5 years ago
Good timing, thanks!
DragonHeart
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Yesterday
Correct Slight Smile TY
megan.xo
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2 hours ago
Smart ... Thanks!
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